Subscription Price, Method and Amount Sample Clauses
Subscription Price, Method and Amount. Clause 6. Both parties agree that the provisions of Administrative Measures for Issuance of Securities by Listed Companies and Implementing Rules for Non-Public Offering of Shares by Listed Companies will serve as the pricing basis for the Proposed Private Placement. Pursuant to the foregoing, and upon mutual agreement between both parties, the Issuer determines that the price for the Proposed Private Placement will be RMB8.23 per share. If an ex-dividend event occurs to the Issuer’s shares during the period from the pricing date to the issue date, the issue price above will be adjusted according to the adjustment formula as follows: Assuming the issue price before the adjustment is P0, the number of bonus shares or newly converted shares is N, dividend per share is D, the adjusted minimum issue price is P1 (two decimal places retained, with the last one rounded), then:
(1) P1= P0-D Bonus shares or newly converted shares (2): P1=P0/(1+N)
(1) + (2): P1=(P0-D)/(1+N).
Subscription Price, Method and Amount. 3.1 Both parties agree that the price of Non-public Shares will be determined in accordance with relevant provisions of Measures for the Administration of Securities Issuance of Listed Companies and Detailed Implementation Rules for the Private Placement by Listed Companies. The issuance price of Non-public Shares of Party B is RMB 9/share, not less than 90% of average stock price of the Company during 20 trading days preceding the announcement day of the board resolutions on this issuance, that is, RMB 8.93/share. If Party B’s shares trade ex-right and ex-dividend from Pricing Benchmark Date to Issuance Date, the issuance price will be adjusted accordingly; in case of ex-right trading such as bonus issue and capital reserves capitalization, Party B shall accordingly adjust the number of Non-public Shares, so that the number of the Underlying Shares represent 5% of total share capitals of Party B after completion of this issuance.
3.2 Party A irrevocably agrees to subscribe for Underlying Shares at the cash price determined in Article 3.1.
3.3 Party A subscribes for 239,261,553 of the Non-public Shares of Party B, and the total subscription amount shall be the issuance price multiplied by the number of the Underlying Shares, that is, RMB 2,153,353,977.